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Oltchim : BRIEF: Chimcomplex Borzesti wants to take over Oltchim, set up Romanian Chemical Company

07/03/2015 | 07:27am US/Eastern

July 03--BUCHAREST -- Romanian chemicals producer Chimcomplex Borzesti, part of SCR Group, intends to take over chemical plant Oltchim Ramnicu Valcea and to set up the Romanian Chemical Company, Chimcomplex announced on Thursday.

The company's manager Dumitru Coman said that the SCR Group's management team has the necessary expertise and solutions to save Oltchim.

The Director General of Oltchim, Victor Avram, believes that integrating Oltchim with Chimcomplex Borzesti within the Romanian Chemical Company would be "a step ahead for the country," and the new construction would have a say on the relevant market in the region.

Chimcomplex Borzesti is one of the most important chemicals producers in Romania and in South-East Europe, with 55 years of experience in the chemical industry.

In the first two quarters of this year, Chimcomplex's profit amounted to 14.5 million lei, on a turnover of 102 million lei.

The company started on Tuesday a co-generation installation in which it has invested over 14.35 million euros.

___

(c)2015 Agerpres, Bucharest, Romania

Visit Agerpres, Bucharest, Romania at www1.agerpres.ro/english

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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